Bank Julius Baer & Co. Ltd Zurich Sells 4,104 Shares of SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 347,910 shares of the exchange traded fund’s stock after selling 4,104 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in SPDR Bloomberg High Yield Bond ETF were worth $32,958,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of JNK. Wetzel Investment Advisors Inc. acquired a new position in SPDR Bloomberg High Yield Bond ETF in the fourth quarter worth $28,000. Clearstead Advisors LLC lifted its stake in shares of SPDR Bloomberg High Yield Bond ETF by 862.1% during the third quarter. Clearstead Advisors LLC now owns 558 shares of the exchange traded fund’s stock valued at $50,000 after acquiring an additional 500 shares during the period. WealthShield Partners LLC acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at $55,000. Sandy Spring Bank acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the fourth quarter valued at $56,000. Finally, Provence Wealth Management Group acquired a new position in shares of SPDR Bloomberg High Yield Bond ETF during the third quarter valued at $60,000. Institutional investors and hedge funds own 87.54% of the company’s stock.

SPDR Bloomberg High Yield Bond ETF Trading Up 0.3 %

Shares of JNK traded up $0.28 during trading hours on Friday, hitting $93.71. 5,454,924 shares of the stock traded hands, compared to its average volume of 5,457,316. SPDR Bloomberg High Yield Bond ETF has a 1-year low of $87.79 and a 1-year high of $95.59. The business has a fifty day moving average of $94.25 and a 200-day moving average of $93.20.

About SPDR Bloomberg High Yield Bond ETF

SPDR Barclays High Yield Bond ETF (the Fund), formerly SPDR Barclays Capital High Yield Bond ETF, seeks to provide investment results that correspond to the price and yield performance of the Barclays Capital High Yield Very Liquid Index (the Index). The Index includes publicly issued United States dollar denominated, non-investment grade, fixed-rate, taxable corporate bonds that have a remaining maturity of at least one year, regardless of optionality, are rated high-yield using the middle rating of Moody’s, S&P, and Fitch, respectively, and have $600 million or more of outstanding face value.